Given the following data, calculate the cost of ending inventory using the average cost method. (Round any intermediary and final answers to two decimal places.)
Date Item Unit
1/1 Beginning inventory 70 units at $ 30.00 per unit
3/5 Purchase of inventory 10 units at $ 10.00 per unit
5/30 Purchase of inventory 15 units at $ 12.00 per unit
12/31 Ending inventory 10 units
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